Solving Very Difficult SBA 7(a) Loan Servicing Issues — A Coleman Webinar 3/14
Topics Include: Attend the Live Webinar EventThursday, March 14, 20242:00 PM Eastern75-minute training with e-certification There are two types of difficult one-off servicing actions facing lenders — actions facing lenders where the borrower is current, and actions where the borrower is having financial difficulties. Lance Sexton’s webinar will address both scenarios and offer solutions that…
Read MoreColeman Report Live! March 1, 2024 — Fraud Friday @ 1pm EST
Join on MS Teams Watch on YouTube Host: Bob Coleman, Owner/Editor, Coleman ReportGuests: Delaney Sexton, Editor, Coleman Report; Sean Murray, President and Chief Editor, deBanked
Read MoreFirst Bank of the Lake Reaches $1 Billion in Total Assets
“As I reflect on the milestone of reaching $1 billion in total assets, I must thank our over 200 employees, our board members, owners and customers for playing an important role in our success,” states President and CEO Mike Anderson. “Reaching $1 billion in total assets is not just about the numbers, it is about…
Read MoreSBA OIG Identifies Almost $4.6 Billion in Potentially Ineligible PPP Loans on Do Not Pay
February 27, 2024 Delaney SextonContributing Editor SBA OIG Identifies Almost $4.6 Billion in Potentially Ineligible PPP Loans on Do Not Pay The SBA Inspector General’s recent report updated SBA’s progress toward addressing their policies and procedures. It is vital that SBA resolves these issues sufficiently to minimize the risk of the government paying out billions…
Read MoreNew SBA Rule Adjusts Alternative Size Standards
February 26, 2024 Delaney SextonContributing Editor New SBA Rule Adjusts Alternative Size Standards A new rule that goes into effect on March 18, 2024, will increase SBA’s alternative size standards to adjust for inflation. The change will expand access to financial assistance and other resources for small businesses. This rule will apply to more than…
Read MoreColeman Report Live! February 26, 2024 — Main Street Monday @ 1pm EST
Join on MS Teams Watch on YouTube Host: Bob Coleman, Owner/Editor, Coleman ReportCo-Host: Lance Sexton, Contributor, Fountainhead CC
Read MoreFormer Bank Employee Found Guilty for Exploiting His Position to Commit Bank Fraud – Fraud Friday
February 23, 2024 Delaney SextonContributing Editor Former Bank Employee Found Guilty for Exploiting His Position to Commit Bank Fraud – Fraud Friday The jury took less than 90 minutes to decide to convict Jalen Craig McMillan for using his position at a federal credit union to carry out a fraud scheme. Now he faces up…
Read MoreSBA Inspector General Publishes Audit Oversight Plan for 2024
February 22, 2024 Delaney SextonContributing Editor SBA Inspector General Publishes Audit Oversight Plan for 2024 The OIG outlines the following work as mandatory during 2024: •SBA’s Compliance with 2023 Improper Payments Reporting Requirements• SBA’s Fiscal Year (FY) 2023 and FY 2024 Federal Information Security Management Act Reviews• SBA’s Controls Over Cash Contributions and Gifts• SBA’s…
Read MoreRoglieri Updates: $90 Million Missing, Owes $3 Million in Chapter 11 Bankruptcy Filing
February 21, 2024 Delaney SextonContributing Editor Roglieri Updates: $90 Million Missing, Owes $3 Million in Chapter 11 Bankruptcy Filing According to a report from deBanked, the Receiver recently revealed that over $90 million is missing in the Kris Roglieri/Prime Capital case. Amidst all the litigation against him, Roglieri filed for Chapter 11 last week. Based…
Read MoreCDC Small Business Finance Adds Five Loan Officers in California, D.C., and Detroit
February 21, 2024 Contributing EditorDelaney Sexton CDC Small Business Finance Adds Five Loan Officers in California, D.C., and Detroit “We’re adding experienced lenders who care about our mission and want to make a difference. As we expand into Northern California and Washington, D.C., and as we add staff in Detroit, we will be positioned to…
Read More